BOISE, ID--(Marketwire - December 6, 2007) - Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI), a holding company for the Idaho Energy Complex Corporation,
announced its December 5, 2007 receipt of a $150 million commitment letter
from Silverleaf Capital Partners, LLC, Salt Lake, Utah. The letter is in
reference to AEHI's Reactor Land Development LLC private placement
memorandum for the Idaho Energy Complex's Unit 1 reactor, and closing is
expected by year's end. AEHI will allocate these funds for the purchase of
the nuclear plant site, large forgings, and the engineering and
environmental work necessary to obtain Nuclear Regulatory Commission (NRC)
approval for the construction and operation of the new nuclear plant. CEO
Don Gillispie comments, "This provides the initial funding to launch an
important project for Idaho and western energy needs. We are now able to
accept large equity investors wanting to become minority owners in the
west's only large, base-load power plant."

The Idaho Energy Complex, a holding of AEHI, is a proposed $4.5 billion
commercial nuclear power plant/bio-fuel generation facility to be
constructed on a designated site near Grand View, Idaho. The electricity
provided by the nuclear plant would be sufficient to power Idaho's growing
needs and allow the elimination of fossil fuels for current power
production. Additionally, excess heat from the nuclear reactor would be
used to produce ethanol and methane from local crops and agricultural
waste.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: This press release may contain certain forward-looking statements
within the meaning of Section 27A of the Securities and Exchange Act of
1933, as amended, and Section 21E of the Securities and Exchange Act of
1934, as amended, which are intended to be covered by the safe harbors
created thereby. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion should not be
regarded as a representation that the objective and plans of AEHI will be
achieved.